Most coins are trading sideways on the last day of the week, according to CoinMarketCap.
![](https://cnews24.ru/uploads/e76/e76a097159366cfad3934942a0edeb2819c6a0c9.png)
SHIB/USD
The rate of SHIB has declined by 0.47% since yesterday. Over the last week, the price has fallen by 5.12%.
![](https://cnews24.ru/uploads/05b/05b673280ca4f396bb9b23495344d408e286fcd5.png)
On the hourly chart, the price of SHIB is on the way to test the local resistance of $0.00001715. If buyers can hold the gained initiative, there is a chance of a breakout followed by a move to the $0.00001750 zone.
![](https://cnews24.ru/uploads/cc1/cc1694c5987b2a1c9410646d5ce70c06304bc364.png)
On the bigger time frame, neither bulls nor bears are dominating. In this case, any sharp moves are unlikely to happen within the next few days.
![](https://cnews24.ru/uploads/094/0940de4a189b4f5d882a55d211b03cb3ac01090e.png)
From the midterm point of view, the fall of SHIB continues, and there are no reversal signals yet.
If buyers lose the $0.000016 area, the accumulated energy might be enough for a breakout to the $0.000014 range.
SHIB is trading at $0.00001704 at press time.